TV News LIES

Thursday, Apr 27th

Last update05:20:13 AM GMT

You are here News International Venezuela's government donated $500G to Trump's inauguration, report shows

Venezuela's government donated $500G to Trump's inauguration, report shows

E-mail Print PDF

Venezuela donated to Trump inaugurationA Venezuelan state-owned oil company, heavily indebted to the Russian oil giant Rosneft, made a $500,000 donation to Donald Trump’s inauguration festivities, it has emerged.

Foreign donations are banned under US law, but the Venezuelan company, PdVSA, made the donation through a US affiliate, Citgo Petrol, soon after offering a nearly 50% stake in Citgo to Rosneft as collateral for a $1.5bn loan.

These transactions come at a time when PdVSA and the Venezuelan government of Nicolas Maduro is desperate for cash as oil revenues shrink and civil unrest grows. The influx of money from Rosneft is helping keep PdVSA and Maduro afloat.

If Venezuela defaults on the debt, Rosneft could stand to gain a controlling stake in Citgo, a prospect that has caused anxiety among both Republicans and Democrats in the US Congress. Under current circumstances, however, Rosneft could not take ownership of its shares in Citgo – which owns three refineries, as well as pipelines and oil terminals – because the Russian firm and its boss, Igor Sechin, are under US sanctions linked to Moscow’s military intervention in eastern Ukraine and the annexation of Crimea.

More...

 


Most Recent Related Stories...


Russian intelligence ship sinks off Turkey's Black Sea coast

Russian intel ship sinks in Black SeaA Russian naval intelligence ship sank off Turkey's Black Sea coast on Thursday after colliding with...

Turkey detains more than 1,000 for 'links to US based cleric"'

Turkey detains 1,000Turkish authorities have detained more than a thousand people suspected of having links to US-based cleric...

France offers evidence Syria was behind nerve gas attack

France proves that Syria was behind Serin attackThe French government has proof indicating the Syrian air force dropped bombs containing the nerve gas...

Netanyahu cancels meeting with German FM

Sigmar gabriel, German Foreign MinisterPrime Minister Benjamin Netanyahu on Tuesday canceled a meeting with the visiting German foreign minister over...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!